Daily Current Affairs 11th May 2025: Your guide for daily General Knowledge Preparation
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This post contains daily current affairs 11th May 2025. It includes all National, International, Business & Sports related current affairs 11th May 2025. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 11th May, 2025 Current affairs test.
Banking & Finance NewsÂ
India’s Sovereign Credit Rating Upgraded To ‘BBB’ With ‘Stable’ Outlook By Morningstar DBRS
Global credit rating agency Morningstar DBRS has upgraded India’s Long-Term Foreign and Local Currency – Issuer Ratings from BBB (low) to BBB, accompanied by a stable trend.
Additionally, the Short-Term Foreign and Local Currency Issuer Ratings have been elevated from R-2 (middle) to R-2 (high), maintaining a stable outlook.
This upgrade is attributed to several key factors:
Significant structural reforms, particularly in infrastructure development, digital transformation, and fiscal discipline leading to lower debt and deficit levels.
A phase of robust economic growth, with India averaging 8.2% GDP growth during FY22 to FY25.
Sustained macroeconomic stability, reflected by:
Controlled and predictable inflation.
A range-bound exchange rate.
A solid external balance sheet.
SEBI Imposes Cooling-Off Period For Directors Of Market Infrastructure Institutions
The Securities and Exchange Board of India (SEBI) has introduced amendments to both the SECC Regulations, 2018, and the Depositories and Participants Regulations, 2018.
These changes aim to enhance governance at Market Infrastructure Institutions (MIIs) such as stock exchanges, clearing corporations, and depositories.
A new rule mandates a cooling-off period for non-independent directors before transitioning to the board of a competing MII.
Public Interest Directors (PIDs) may be reappointed to another rival MII for a three-year term, but only after completing their existing term and securing SEBI’s approval.
This cooling-off policy applies specifically when PIDs shift to a competing institution.
The regulation aims to strengthen transparency, foster better governance, and maintain market integrity.
The decision follows a March SEBI board review focused on the appointment processes at major MIIs.
Business News
Government Expands Credit Guarantee Scheme For Startups To Boost Capital Flow
The Government of India has expanded the Credit Guarantee Scheme for Startups (CGSS) to stimulate greater access to capital and foster innovation.
The expansion was officially notified by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry.
Key highlights include:
Increasing the guarantee cover per borrower from Rs. 10 crore to Rs. 20 crore.
Aiming to lower credit risk for lenders and facilitate capital mobilization for startup ventures.
Supporting national initiatives like ‘Make in India’ and contributing to an innovation-led and self-reliant economy.
India Bans Medically Important Antimicrobials In Aquaculture To Curb AMR
In May 2025, the Union Ministry of Commerce and Industry banned the usage of certain WHO-classified medically important antimicrobials in the aquaculture sector.
This move targets the containment of antimicrobial resistance (AMR) and aims to uphold food safety standards in seafood exports.
Key aspects of the ban:
Applies to 12 classes of antibiotics, including fluoroquinolones, glycopeptides, and nitrofurans.
Also includes a ban on 6 specific antimicrobials across hatcheries, feed mills, and processing facilities.
The initiative is designed to curb the misuse of antibiotics in fish, prawn, and shrimp farming, a crucial step in combating drug-resistant infections.
International News
Raksha Rajya Mantri Shri Sanjay Seth Attends Victory Day Celebrations In Moscow
Raksha Rajya Mantri Shri Sanjay Seth visited Moscow, Russia, to participate in the Victory Day celebrations.
The event commemorated the 80th anniversary of the Soviet Union’s victory over Nazi Germany and its allies during World War II (1941–1945).
Key engagements during the visit:
Paid tribute by laying a wreath at the Tomb of the Unknown Soldier.
Took part in the Victory Day Parade with global representatives.
Held a brief meeting with Russian President Vladimir Putin, extending congratulations on the 80th Victory Day milestone.
National News
Uttar Pradesh Launches ‘UP AGREES’ And ‘AI Pragya’ Initiatives With World Bank Collaboration
Chief Minister Yogi Adityanath along with World Bank President Ajay Banga launched two transformative projects—UP AGREES and AI Pragya—to drive agricultural innovation and digital upskilling in Uttar Pradesh.
These programs are backed by the World Bank and aim to elevate rural development and prepare youth for future AI-driven employment.
UP AGREES (Uttar Pradesh Accelerated Growth Through Resilient, Equitable And Sustainable Agriculture)
Will be implemented in 28 districts, including Jhansi, Varanasi, Gorakhpur, and Banda.
The initiative is designed to:
Enhance agricultural productivity through technology-based solutions.
Promote climate-resilient farming practices for long-term sustainability.
AI Pragya
Aims to train 10 lakh (1 million) youth in AI and digital technologies.
The training program will focus on sectors such as:
Education
Healthcare
Agriculture
Government services
Awards And Honours News
La Prensa Wins UNESCO World Press Freedom Prize
In May 2025, La Prensa, a prominent Nicaraguan newspaper, was awarded the UNESCO/Guillermo Cano World Press Freedom Prize.
The newspaper was honored for its courageous journalism and resistance to repression under the Ortega-Murillo government.
Despite:
Journalist arrests
Confiscation of assets
Forced exile of staff
La Prensa has continued to uphold editorial independence and a commitment to truth and accountability.
Science & Technology News
IBM And TCS Partner With Andhra Pradesh For Quantum Valley Tech Park
IBM and Tata Consultancy Services (TCS) have joined forces with the Andhra Pradesh Government to set up the Quantum Valley Tech Park in Amaravati.
The initiative was officially unveiled in May 2025 and includes:
Hosting India’s largest quantum computer, featuring the 156-qubit Heron processor developed by IBM.
Establishing a premier hub for quantum computing research and development.
This project is in line with the National Quantum Mission (2023–2031), aiming to expand the application of quantum technologies in diverse sectors and strengthen India’s leadership in the field.
Important Days
Mother’s Day 2025 – May 11
Mother’s Day is celebrated annually on the second Sunday of May, which in 2025 was on May 11.
The day serves to honor and appreciate mothers and maternal figures for their vital role in families and society.
National Technology Day 2025 – May 11
National Technology Day is observed on May 11 every year to recognize the significance of technological innovation and scientific achievement.
The day commemorates the successful nuclear tests conducted on May 11, 1998, at the Pokhran range in Rajasthan, under Operation Shakti.
The operation was led by key institutions:
Bhabha Atomic Research Center (BARC)
Defence Research and Development Organisation (DRDO)
Atomic Minerals Directorate for Exploration and Research (AMDER)
Dr. APJ Abdul Kalam played a pivotal role in these historic tests.
To mark the occasion, the Technology Development Board (TDB) established a national award that highlights the day’s significance and encourages advancements in technology.
